X-NFT Overview

The X-NFT component of CompX integrates NFT rewards into defi. Staking rewards can be paid out for various liquidity pairs in X-NFT tokens. These tokens are then exchangeable 1:1 for shuffles located on the CompX dApp.

For users who like to interact with NFTs, this can be a great way to get access to fractional NFTs in the form of X-NFT tokens as rewards for helping provide liquidity for CompX.

When minting NFTs on CompX, the price will always be 1:1 to purchase. Similarly, if the user ends up holding an NFT from one of our shuffles that they don't want, they're free to burn the NFT for a refund of 0.5 X-NFT tokens.

The general outline of the X-NFT ecosystem is outlined below.

1. User stakes appropriate tokens that support X-NFT rewards. X-NFT tokens accrue in the staking contract supplied from the CompX treasury and can be claimed by the user.

2. X-NFT tokens can be used to do normal defi things. This includes, swapping to other tokens, or providing additional liquidity. However, X-NFT Tokens can also used on CompX to mint/burn NFTs from the shuffles that are available at the time in the dApp.

3. X-NFT tokens that are used to mint/burn NFTs on CompX are returned to the treasury, constituting a circular economy that can scale as needed, with the limiting factor being existing shuffles.